Determine the cost of the inventory on october 312014 by

Assignment Help Accounting Basics
Reference no: EM13578180

Dymac Appliannces uses the periodic inventory system. Details regarding the inventory of appliances at November 1, 2013, purchases invoices for the next 12 months, and the inventory count at Octover 31, 2014 are summarized as followed:file://localhost/Users/AlysaFerer/Desktop/Screen%20Shot%202014-06-19%20at%2012.34.03%20AM.png

Determine the cost of the inventory on October 31,2014 by the FIFO methos. Present data in columnar form using the following headlines: Model, quanitiy, unit cost, total cost. If the inventory of a particular model compromises one entire purchase plus a portion of another purchase acquired at a differnet unit cost, use a seperate line

  1. Determine the cost f the inventory on oct 31 by the LIFO using the same method as number one.
  2. Determine the cost of inventory on oct 31 by weighted average cost method, using columanr headings indicated in number one

Reference no: EM13578180

Questions Cloud

Jose purchased a house for 300000 in 2010 he used the house : jose purchased a house for 300000 in 2010. he used the house as his personal residence. in march 2013 when the fair
On january 1 2008 jose company purchased a building for : on january 1 2008 jose company purchased a building for 200000 and a delivery truck for 20000. the following expenses
Ause the kaplan-meier product-limit method to estimate the : below are the intervals from primary aids diagnosis until death for a sample of 12 hemophiliac patients at most 40
Asample of 17 people reveals the mean yearly consumption : the u.s. dairy industry wants to estimate the mean yearly milk consumption. a sample of 17 people reveals the mean
Determine the cost of the inventory on october 312014 by : dymac appliannces uses the periodic inventory system. details regarding the inventory of appliances at november 1 2013
Financial reporting decisions do not affect corporate : financial reporting decisions do not affect corporate taxation however corporate taxation does affect financial
For the population of people who suffer occasionally from : for the population of people who suffer occasionally from migraine headaches suppose that p 0.60 is the proportion
Halifax manufacturing allows its customers to return : halifax manufacturing allows its customers to return merchandise for any reason up to 90 days after delivery and
The supreme court has said that z-scores beyond z 2 or 3 : the supreme court has said that z-scores beyond z 2 or 3 are generally convincing statistical evidence. for a

Reviews

Write a Review

Accounting Basics Questions & Answers

  Fasb and asc guidelines

In the case of a privately held company, what should be the focus of management, to meet all the reporting guidelines set by the FASB ASC, or to maximize the profits of the company?

  What is a pass through agency fund

What is a "pass-through" agency-fund and under what conditions is it appropriate to use such a fund?

  Approach appropriate for hedge accounting

Which of the following is not an approach appropriate for hedge accounting?

  Anderson amp allen incs fiscal year ends on december 31

anderson amp allen inc.s fiscal year ends on december 31 2014. the company had a 4500000 note payable outstanding due

  Information related to ivan calderon corp

Presented below is information related to Ivan Calderon Corp

  Create an audit report with findings

Create an audit report with the findings being somewhere between $5,000,000 and $30,000,000 Include these items in the report: The area under audit where the finding occurred, The steps you undertook during the audit

  Original purchase-dividend and sale

Prepare the journal entries for the original purchase, dividend and sale.

  Net short-term capital loss

Robin Corporation has ordinary income from operations of $30,000, net long-term capital gain of $10,000, and net short-term capital loss of $15,000. What is the taxable income for 2007?

  Determining the financing source

A fire station that the city of plenty constructed many years ago is sold and is accounted for as an other financing source. Where should entries be made?

  Comparison of alternatives using npv analysis

Question - If the price of labor goes up by 25% this makes the model 5200 even more attractive since it currently has a significantly lower labor cost per unit than model 2600.

  The grid corporation owns a bank of boring machines they

the grid corporation owns a bank of boring machines. they regularly replace two machines each year. in the current year

  Compute variance for the items

Compute variance for the following items and indicate whether each variance is favorable or unfavorable.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd